The Swiss private equity manager has closed two funds.

tag|Adveq">Adveq has closed two of its funds, Adveq Specialized Investments and Adveq Europe Co-Investments, raising €323 million ($364 million) and €102 million, respectively.

Both funds held their final closings in January, with support coming from a range of investors including family offices, pension funds and insurance companies.

Adveq said the closings came after a strong 2015 for the company, with a record level of fundraising. 

Adveq Specialized Investments targets private equity investments globally that benefit from long-term fundamental trends. The fund uses a mix of specialised strategies, including specialised buyout strategies, turnaround, growth capital and venture capital.

Meanwhile, Adveq Europe Co-Investments focuses on European small buyout opportunities, namely companies that have strong value creation potential through revenue growth and business transformation.

“The private equity industry continues to evolve and it is only by keeping pace with changing dynamics and responding to investors’ needs that we have been able to continue to grow. Adveq’s focus on innovation is clearly illustrated by our Specialized Investments fund which incorporates megatrends analysis, robustness and anti-fragility criteria into the selection process,” said Sven Lidén, chief executive at Adveq.

“Our approach to co-investments typifies our agility. We have previously completed a number of co-investments as part of our mandates and other funds and we feel that it is now the right time to offer co-investment opportunities to a wider range of investors through a dedicated fund.”